Oil Advances With Equities as Risk-On Sentiment Drives Market
Oil rose as appetite for risk assets pushed broader markets higher, ahead of key data this week that will shed light on supply-demand trends following the surprise OPEC+ production cuts.
Oil rose as appetite for risk assets pushed broader markets higher, ahead of key data this week that will shed light on supply-demand trends following the surprise OPEC+ production cuts.
China’s credit expanded faster than expected in March as the central bank unleashed long-term liquidity for banks and economic activities continued to recover.
Hyundai Motor Group has committed to a spend of around 24 trillion won ($18.2 billion) by 2030 as it seeks to increase production of electric vehicles.
A sharp increase in export restrictions by countries including China and India on raw materials critical for green technologies has a potentially sizable impact on the global economy and could make climate goals harder to meet, research by the OECD shows.
Sugar extended its surge to the highest in more than a decade in London on mounting worries about tight global supplies, threatening to maintain pressure on global food inflation.
Taiwan’s exports declined more than expected in March as global demand for electronics remained weak, suggesting the worst is not yet over for the trade-dependent economy.
Vedanta Ltd., billionaire Anil Agarwal’s Indian commodities major, is in talks with US-based Farallon Capital Management to raise at least $1 billion, according to people familiar with the matter.
Shapoorji Pallonji Group, controlled by billionaire Shapoor Mistry, is weighing asset sales including a controlling stake in its flagship engineering firm that could raise about $2 billion, according to people familiar with the matter.
Retail investors in India were buyers in most Adani Group companies as the unprecedented selloff sparked by short-seller Hindenburg Research’s allegations corrected their sky-high valuations.
Fox News journalist Trey Yingst has learned a lot on the road while traveling in the world’s most dangerous places.